MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES
−Removed: MARKET AND STOCKHOLDERS
−Removed: The Company’s Common Stock is traded on the Exchange, under the symbol “ELA.” As of March 15, 2024, we had 257 record holders of our Common Stock.
−Removed: SHARE REPURCHASES AND DIVIDENDS
−Removed: Envela has not declared any dividends with respect to Common Stock.
−Removed: Management’s intent is to retain all current earnings to finance future growth;
−Removed: accordingly, management is not anticipating that cash or other dividends will be paid to the Company’s shareholders of Common Stock in the near future.
−Removed: Unregistered Sales of Equity Securities
−Removed: On March 14, 2023, a stock repurchase program was unanimously approved by the Company’s Board of Directors (the “Board”), that gave management authorization to purchase up to one million (1,000,000) shares of the Company’s stock, at a per-share price not to exceed $9, on the open market.
−Removed: The plan expires on March 31, 2026.
+Added: Trading Symbol for Common Stock
+Added: The Company’s Common Stock is traded on the NYSE American Exchange, under the symbol “ELA.”
+Added: Holders of Record
+Added: As of March 17, 2024, we had 217 record holders of our Common Stock.
+Added: The Company has not paid any cash dividends on its Common Stock to date.
+Added: The payment of cash dividends in the future will be dependent upon the Company’s revenues and earnings, capital requirements, and general financial condition.
+Added: The payment of any cash dividends will be within the discretion of the Company’s Board at such time.
+Added: In addition, the Company is not currently contemplating and does not anticipate declaring any stock dividends in the foreseeable future as it is currently expected that available cash resources will be utilized in connection with our ongoing operations, capital expenditures, and growth initiatives.
+Added: Issuer Purchases of Equity Securities
The following lists the repurchase of Company shares as of December 31, 2024:
−Removed: Total Number of shares
+Added: Total Number of
+Added: Shares Purchased
Maximum Number
−Removed: purchased as part of a
+Added: as Part of Publicly
of Shares that May
−Removed: publicly announced
+Added: Announced Plan
Average Price
−Removed: yet be purchased under
+Added: Yet be Purchased
Fiscal Period
−Removed: plan or program (1) (2)
+Added: or Program (1) (2)
Paid Per Share ($)
−Removed: the plan or program
−Removed: Beginning Balance
+Added: Under the Plans
+Added: Balance as of January 1, 2024
+Added: January 1 - 31, 2024
+Added: February 1 - 29, 2024
+Added: March 1 - 31, 2024
+Added: April 1 - 30, 2024
May 1 - 31, 2024
June 1 - 30, 2024
+Added: July 1 - 31, 2024
August 1 - 31, 2024
+Added: September 1 - 30, 2024
+Added: October 1 - 31, 2024
November 1 - 30, 2024
December 1 - 31, 2024
+Added: Balance as of December 31, 2024
(1) All shares were purchased in open-market transactions through the stock repurchase program approved by the Board on March 14, 2023, for the repurchase of up to one million shares of the Company’s Common Stock.
(2) The stock repurchase program was publicly announced on May 3, 2023, and expires March 31, 2026.
−Removed: Repurchases under the stock repurchase program began on May 10, 2023.
+Added: Repurchases under the stock repurchase plan began on May 10, 2023.
+Added: The timing and amount of any Common Stock repurchased under the program will depend on a variety of factors including price, corporate and regulatory requirements, capital availability, and other market conditions.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.